In a country that is simply limited when it comes to land, mixed use developments in Singapore has greatly benefited its residents.
Singaporeans are able to enjoy the convenience of residing in properties that are in the vicinity of supermarkets, restaurants, salons, cinemas, grocery stores, and other commercial establishments – often all under the same roof.
It is a concept that allows its residents to live and work in the vicinity of important commercial, recreational and industrial establishments hence making life extremely easy and the need for commuting is reduced to a bare minimum.
Living in this kind of set up is extremely convenient since everything that one might need is close by. A resident of such an establishment does not even have to hire a taxi to transport grocery bags or travel to a restaurant to enjoy a meal. All this facilities are right under the same roof.
Other than the conveniences associated with this kind of settlement, investing in a unit in a mixed development establishment provides one with a fluid investment that can easily be traded by simply listing it on dailies. Mixed development establishments attract a lot of investors including foreigners who are attracted by the convenience of the set up. It is therefore not hard to liquidate your investment. Those who do not plan on letting go off their investment have the option of renting the property and earning an income from it.
Mixed development establishments increase the general value of properties that are in the vicinity. As such a person who has a HDB for rent in the area might find themselves earning a little more money when their units are located in a mixed use development area. Other than the value of houses, an area that has mixed use development attracts high spenders. As such, the business that are around the area also benefit from the high spending residents.
Many people have a misplaced notion that mixed use development establishments are made for high incomer earners only. Actually, residing in such complexes can prove to be cost saving.
Due to the reduced expenses experienced by the residents of a mixed use development on things such as fuel, parking fees and other expenses that are associated with transport, residents are also able to save more. Working under the same roof that you live in also means that lunch breaks can be spent in your own home further reducing the need to eat out.
Amenities such as restaurants, cinemas and entertainment spots inject a lot of life into a community. This in turn improves the prominence of an area further attracting affluent residents and revelers who inject more money into the locality.
On the other hand, these establishments can turn to be a nuisance especially for people who leave nearby due to the massive influx of people into the malls, hyper marts, and entertainment joints. The noise that is made by revelers in clubs and bars can in some cases become unbearable. The influx of foreigners in such an establishment will in most cases lead to increase of commodity prices which can be punitive to low income earners in the area.